Binance Temporarily Suspends Sei Network Token Services for Upgrade

In Brief:

Binance to suspend Sei (SEI) token deposits and withdrawals starting 11 PM, December 10, 2024 (UTC+8).

Suspension supports a network upgrade at block height 119,821,526.

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Binance announced it will temporarily halt deposits and withdrawals for the Sei (SEI) network on December 10, 2024, at 11 PM (UTC+8) to facilitate a network upgrade. The Sei project team plans to execute the upgrade at block height 119,821,526, expected around 00:10 on December 11, 2024 (UTC+8).

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The upgrade is aimed at improving network efficiency and scalability. Binance assured users that token trading for SEI will remain unaffected during the upgrade process. Services will resume once the network is deemed stable.

This network upgrade demonstrates Sei’s commitment to enhancing performance and scalability. Temporary service suspensions are a common measure to ensure smooth transitions during upgrades.

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